Chery Holding’s new vehicle sales leap 25% YoY in Oct.

Shanghai (Gasgoo)- China's Chery Holding sold roughly 88,000 new vehicles in Oct., boasting a year-on-year leap of 25% and up by 28.1% over a month ago, according to the company's announcement.

There were 74,903 vehicles sold in domestic market, representing a year-over-year growth of 20.4%. Export volume surged 60.3% to 13,001 units.

Chery Automobile's sales reached 55,000 units last month, jumping 29% from the previous month and 35.2% from the previous year. As of Oct., the automaker had achieved year-on-year and month-on-month increase for five consecutive months.

Tiggo 8 PLUS; photo credit: Chery Automobile

Last month, the Tiggo 8 PLUS was put into the market by Chery Automobile, so as to expand the target consumer group for the Tiggo 8 series.

The sales of Jetour family amounted to 16,000 units last month, rising 11.9% compared to the prior-year period. At the end of October, the brand saw this year's third new model, the Jetour X70 PLUS, go on sale.

All-new Tiggo e; photo credit: Chery New Energy

With 5,451 vehicles sold, Chery Holding's NEV unit scored a robust 43.6% year-on-year sales growth in October. As to new product, the all-new Tiggo e all-electric SUV from Chery New Energy started its market offensive in mid-October.

Regarding joint ventures, Chery Jaguar Land Rover and Cowin Auto sold 6,000 and 4,000 vehicles last month, representing 48% and 86% year-over-year hike respectively.

For the first ten months, Chery Holding's export volume climbed 9% over a year earlier to 86,680 units, of which 81,758 units were passenger vehicles, up by 39% from a year ago.